Culver Holdings has acquired Aegis Mortgages Ltd (AML) through its wholly owned subsidiary Axinite Ltd, for £1, paid in cash.
AML, which Culver said did not trade prior to the completing, had net assets at completion of £1,000.
Culver said it's offices in Reading and Belfast would act as introducers to Culver's existing FSA regulated IFA business.
The company said the acquisition marked a further step in developing Culver's insurance broking and IFA business.
In addition, Culver said it had agreed to discharge up to £185,000 of potential liabilities of AML as part of the deal.
Responsibility for regulatory and financial issues arising out of business conducted prior to the acquisition will remain with Aegis.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
